Heart Initiative

Analysis

Heart Initiative is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heart Initiative reported income of $1.1m and spending of $2.5m, spending 215% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.1m (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2022, when income rose by 364%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heart Initiative sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include On Point ($1.1m), Hillside Atlanta Foundation Inc ($1.1m) and Life Practice Counseling Group Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $2.0m against liabilities of $851k, net assets of $1.1m.